Sydbank A/S provides banking products and services in Denmark. The company offers personal advice and service in approximately 100 branches and a range of e-banking solutions to both corporate clients and retail customers. Its product range includes all banking and pension scheme products, as well as access to mortgage credit and insurance. The company’s international presence includes branches in North Germany and a subsidiary bank in St. Gallen, Switzerland. It has a total of 115 customer branches, including three in Germany and PBI in Grasten. The company’s major clients include private banking clients, corporate enterprises, other financial institutions and institutional clients. It has 375,000 clients, including approximately 28,000 corporate clients. Operations Retail operations: The company’s primary mortgage credit partners are Totalkredit/Nykredit and DLR Kredit (the Agricultural Mortgage Bank) and its life insurance partners are Topdanmark and PFA. Investment advice and private banking segment: The company focuses on the business areas, investment and wealth advisory services, as well as asset management. Sydbank in Switzerland The company has a subsidiary bank, Sydbank (Schweiz) AG, which from its domicile in St. Gallen, Switzerland, targets private banking clients domiciled outside Denmark, including Danish expatriates. Sydbank is a direct participant in the new Single Euro Payments Area (SEPA) which was introduced in 2008. Sydbank in Germany Sydbank in Germany targets Danish corporate clients who trade with Germany, as well as German corporate and retail clients. Investment and wealth advisory services as well as private banking are also available at Sydbank’s German branches in Flensburg, Hamburg, and Kiel. In addition the Flensburg branch is a specialist banker for retail clients commuting across the Danish-German border. Leasing and boat financing The company’s leasing services to corporate clients are provided via the department, Sydleasing. In addition, it provides financing of leisure boats – under the brand, Søfinans. Markets Markets manages the company’s trading and customer oriented activities with in the securities, interest rate and foreign exchange markets. Sydbank Markets quotes all prices and performs market making obligations and is a primary dealer of Danish government bonds. Other areas of responsibility include the servicing of a few major clients, local banks and the company’s investment centres. Self-service/eBanking Sydbank’s NetBank enables clients to carry out ordinary banking transactions, including securities trading, and gives clients the possibility to review pension and insurance schemes and to receive text messages or emails, for instance when a pay cheque has been credited an account or a securities transaction has been implemented. In addition, via NetBank, clients can be redirected to for instance PensionsInfo. The majority of NetBank clients have chosen to use the electronic filing system, eArkiv, instead of ring binders to store the various types of banking documents. The company issues Dankort cards, with or without the Visa facility, Visa Electron cards, and a credit card programme. As of December 31, 2008, Sydbank MasterCards in circulation included approximately 20,000. History Sydbank A/S was founded in 1970.
(SYDB:Copenhagen Stock Exchange)
PO Box 1038
Phone: 45 74 37 37 37
Fax: 45 74 37 35 49www.sydbank.com
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for SYDB.|
|View Industry Companies|
Sponsored Financial Commentaries
Only a company representative may request an update for the company profile. Documentation will be required.
To contact SYDBANK A/S, please visit www.sydbank.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.